Very Short Interview, Part 2

My impression of the first interview is that is seems like I do not know a lot about entrepreneurship. The questions I asked could have been more in depth in order to receive a more meaningful answer. For the second interview I wanted to use my questions to demonstrate my knowledge and development in entrepreneurship. It was pretty difficult to get a hold of the entrepreneur since im studying abroad in Madrid and he has a busy schedule but I was able to interview him through email.

-As an entrepreneur, how do you identify an opportunity in a market?

Savni: “If I see there is a certain need from customers, I try to evaluate whether I can satisfy that need. As far as the hotel business goes, if there is a location where there is a lot of demand from tourists, visitors and locals that need lodging, I evaluate whether it makes sense to build something new or improve an existing business.”

-What is the most important lesson you have learned as an entrepreneur?

Savni: “I learned the hard way that not all of your businesses are going to work out. I had several hotels that I had to walk away from because there was not enough demand or the market was not right.”

-What advice would you give to young entrepreneurs?

Savni: “When I was a very young entrepreneur I explored different jobs and careers. Working in different environments helped me discover different opportunities and helped me focus on the ones that I wanted to work on.”

I felt a lot more comfortable with this interview because I felt like I knew more about entrepreneurship and I could ask him better questions and understand his responses better. It was hard to get a sense of what the entrepreneur thought because it was through email but he did mention that the tougher questions made him think hard, which I think is a good sign.